150 Appian Way, Anderson, IN, 46013 | 4.55% Rental Yield

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150 Appian Way, Anderson, IN, 46013 | 4.55% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Anderson at 150 Appian Way, Anderson, IN, 46013 with 5% annual appreciation on a $264,900 basis while $1,004/mo rent supports operations. 89% in year one. Equity gained on principal adds $1,709/yr, and five-year appreciation sums $73,187 alongside rental yield of 4.55%. Five-year ROI measures 59.64% and total cumulative return in cash totals $52,376. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,004/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 2005

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Brick Ranch Condo with Modern Updates & Outdoor Living! Welcome to this beautifully maintained 1-level brick ranch condo featuring 2 spacious bedrooms, 2 full bathrooms, and an attached 2-car garage. Designed for comfort and convenience, this home offers a functional layout with stylish upgrades throughout. Step inside to find a bright, open dining and family room with elegant luxury vinyl tile flooring, perfect for everyday living and entertaining. The kitchen comes fully equipped - all appliances stay, including a 1-year-old microwave - and provides ample storage and prep space. The primary suite is a true retreat, highlighted by a tray ceiling, generous closet space, and a ceramic tile bathroom. The second bedroom offers flexibility for guests, an office, or a hobby space. Enjoy peace of mind with major updates, including a new A/C and furnace (July 2025) and hot water heater (2018). Step outside to relax or entertain on your private back patio, ideal for morning coffee or evening gatherings. Low-maintenance, move-in ready, and full of charm - this home is a must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46013, Anderson, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,221 (100%)
Owner Occupied HU	5,628 (61.0%)
Renter Occupied HU	2,886 (31.3%)
Vacant Housing Units	707 ( 7.7%)
Median Home Value	$161,147
Average Home Value	$202,548